Author: Our Reporter

Equity Bank Uganda has partnered with Liberty Life Assurance to introduce Equi-Life Insurance, an innovative and affordable hospital cash and life coverage product. Designed specifically for low-income earners and informal sector workers, the plan is set to transform Uganda’s insurance landscape by offering critical protection at just UGX 3,000 per month, something that sets it apart from the other products on market. Uganda’s insurance penetration remains among the lowest in Africa, standing at just 0.8% of GDP as of 2023, far below the continental average of 2.8%. This low uptake stems from widespread poverty (with 30% of Ugandans living below the poverty line), limited awareness about insurance products, high…

In a landmark move to enhance financial security and healthcare access for its customers and the general public, Equity bank has launched an affordable hospital cash insurance product called Equi-Life in partnership with Liberty Life Assurance. The new insurance product allows customers to pay as little as UGX3000 per month, securing coverage for up to 20 days of hospitalization after discharge, and a death benefit of up to UGX 3,000,000. The groundbreaking insurance plan, first of its kind on the Uganda market aims to alleviate the financial burden that comes after hospitalization, ensuring that families can focus on recovery rather…

Airtel Uganda has ignited excitement in Kabale Municipality with the launch of five new network sites, set to revolutionize the region’s digital landscape. This significant investment is part of Airtel’s ongoing efforts to enhance network coverage and provide seamless connectivity to its customers. The new network sites will serve several areas in Kabale, including Kyetobokeire, Kekuubo, Nyabushabi, Rwakabara, Ahakempu – Katuna road, Irimbo – Katuna Road, Mwanjari, and Kigongi. This expansion is expected to greatly improve network quality, providing faster internet speeds, clearer calls, and enhanced overall connectivity. Airtel Uganda’s Sales Director, Mr. Wongani Muthayi, emphasized the company’s commitment to…

MTN Uganda participated in the World Autism Awareness Day commemoration, joining the Autism Society of Uganda and other stakeholders in a solidarity walk in Kampala. The event aimed to raise awareness and advocate for inclusivity, emphasizing the importance of policy support, access to specialized services, and increased societal awareness. Sylvia Mulinge, MTN Uganda’s CEO, reaffirmed the company’s commitment to fostering social and economic inclusion for individuals with autism. Mulinge shared her recent experience visiting Teens and Tots Neuro Development Centre in Kira Municipality, where MTN Uganda provided vocational skills equipment to empower children with autism and their vulnerable parents. According…

dfcu Bank has announced a significant improvement in its financial performance for the year 2024, reporting a profit after tax of UGX 72 billion, a remarkable 151% increase from the previous year. The results were presented by Rebecca Birungi, the Acting Chief Finance Officer of dfcu Bank, during the bank’s 2024 Full-Year Financial Results Announcement at its head office in Nakasero. According to Birungi, the bank’s performance was primarily driven by growth in its loan portfolio, increased interest income, and strategic investments in government securities. “Our net interest income grew to UGX 269.3 billion, an increase of 4% year on…

Stanbic Bank Uganda held the March Mug golf tournament over the weekend, celebrating lady golfers under the theme ‘Accelerate Her at Tee-Time’. Eldad Mwangusya was crowned the overall winner after scoring 68 points net, beating over 100 other golfers who part in this first quarter challenge. The event, held at the Uganda Golf Club in Kampala, wrapped up Women’s Month, with all participating ladies receiving gift hampers courtesy of Stanbic Bank. The “Accelerate Her at Tee-Time” initiative is part of Stanbic Bank’s month-long activities aimed at celebrating the girl child during Women’s Month. According to Sam Bulenzi, Stanbic Bank’s Head…

MTN Uganda has honored Dr. Babra Ofwono, the Founder and Chief Executive Officer of Victorious Education Services (VES), for her outstanding contributions to women’s empowerment, particularly in education and leadership. The recognition took place as part of the telecom company’s Women’s Month celebrations, which seek to spotlight female leaders driving societal change. Speaking during the courtesy visit at the institution’s main home on Namirembe Road on Thursday, MTN Uganda’s GM Enterprise Business Unit, Ibrahim Senyonga, commended Dr. Ofwono’s dedication to fostering leadership among women. “Empowering women is a shared responsibility, and MTN Uganda recognizes the vital role Dr. Ofwono is…

Kampala Lord Mayor Erias Lukwago has today hosted a courtesy visit from Kisumu Governor Professor Anyang’ Nyong’o at City Hall. The two leaders discussed strengthening commercial ties and optimizing the use of Lake Victoria, given the historical connections and shared shoreline between their cities. Professor Nyong’o, a former Guild President of Makerere University, was accompanied by his wife. He is currently in Uganda to deliver the keynote speech at Makerere University’s 90th-anniversary celebration of its guild. The meeting was attended by various officials, including the Deputy Lord Mayor, members of the City Executive Committee, the KCCA Executive Director, and technical…

Renowned Ugandan musician Bebe Cool recently left a lasting impression on supporters in Ssembabule district with an engaging performance at an event organized by Brig Gen (Rtd) Emmanuel Rwashande. The retired military officer is vying for the Member of Parliament seat for Lwemiyaga Constituency and likely to faceoff with Hon. Theodore Ssekikuubo. Rwashande, a decorated UPDF officer, boasts impressive military discipline, leadership experience, and security background, making him an attractive candidate for the constituency. His campaign promises stability and development, resonating with the local community. The event, which showcased Bebe Cool’s energetic and captivating stage presence, was met with enthusiasm…

In an era where economic challenges loom large, Equity Group Holdings Plc has emerged as a shining beacon of financial success in 2024. At the heart of this achievement lies a “golden ball” strategy that emphasizes diversification, innovation, and strategic regional expansion. The Group’s remarkable financial results not only showcase its resilience but also highlight its role as a key player in East Africa’s financial landscape. In Summary, Equity Group Holdings registered 12% growth in Profit After Tax to Kshs. 48.8 billion up from Kshs. 43.7 billion for the period ended 31st December 2024, reinforcing the continued success of the…